Written by ForexBrokers.com
In this head to head comparison of FXOpen vs Libertex (Forex Club), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing FXOpen and Libertex (Forex Club) in terms of their regulatory status and trustworthiness, both online brokers present distinct profiles. Founded in 2003, FXOpen is backed by two Tier-1 licenses, which ForexBrokers.com considers highly trusted. Although FXOpen is not publicly traded or a bank, it maintains a ForexBrokers.com Trust Score of 76, suggesting an average risk level for potential investors.
On the other hand, Libertex, established in 1997, holds one Tier-1 license, aligning it with a status of high trust in regulatory terms, but just behind FXOpen in numbers. Like its counterpart, Libertex isn’t publicly listed nor a banking institution. With a ForexBrokers.com Trust Score of 73, it also falls under the average risk category, making both brokers comparable in terms of risk, with slight variations in regulatory standing.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2003 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When considering online brokers, FXOpen and Libertex (Forex Club) offer distinct options for commissions and fees, catering to varying trader needs. FXOpen earns a solid rating of 4 stars out of 5 in the commissions and fees category. This rating reflects a competitive fee structure, although specific average spread data is not available. In a comprehensive ranking by ForexBrokers.com, FXOpen stands at the 44th position out of 63 brokers, indicating a favorable position compared to many peers.
On the other hand, Libertex (Forex Club) is rated 3 stars out of 5 for commissions and fees. This suggests a less competitive offering than FXOpen in this regard, which may be a consideration for cost-conscious traders. Like FXOpen, average spread data for Libertex is not provided, making direct comparisons challenging. According to ForexBrokers.com, Libertex ranks 62nd out of 63 brokers in the Commissions and Fees category, suggesting room for improvement to better meet market demands.
Ultimately, traders looking for a broker with a stronger standing in commissions and fees may find FXOpen more appealing over Libertex (Forex Club). With a higher rating and ranking, FXOpen is an attractive choice for those prioritizing cost efficiency in their trading journey.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $100 | $10 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FXOpen and Libertex (Forex Club) both offer forex trading as Contracts for Difference (CFDs) or spot contracts, providing a versatile platform for currency enthusiasts. However, when it comes to the total number of tradable symbols, Libertex stands out with 300 options compared to FXOpen’s 87. This broader selection extends to forex pairs as well, where Libertex offers 51 pairs, double the 25 that FXOpen makes available to its users. Both platforms provide copy trading and the ability to engage with cryptocurrency derivatives, although neither supports the purchase of actual cryptocurrencies or exchange-traded securities from U.S. or international exchanges.
Despite FXOpen's and Libertex's respective strengths, they share some limitations which reflect in their ratings for the range of investments. FXOpen receives a 3-star rating, ranking 62nd out of 63 brokers, while Libertex slightly edges out with a 3.5-star rating, ranking 53rd. This difference highlights Libertex's slightly more comprehensive investment offerings, catering to traders looking for a wider range of trading opportunities.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 300 |
| Forex Pairs (Total) | 25 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
FXOpen and Libertex (Forex Club) both provide traders with a wide array of platforms and tools. Each broker offers users the chance to practice with a free virtual demo account, helping beginners get acquainted with trading. FXOpen leverages popular platforms like MetaTrader 4 and MetaTrader 5 while also supporting ZuluTrade for copy trading. On the other hand, Libertex offers a proprietary platform developed in-house and supports MetaTrader 4; however, it doesn't have MetaTrader 5 or ZuluTrade. Both brokers offer a Windows-based desktop platform and a web-based platform, making it easy for traders to choose how they'd prefer to trade. They also support trading directly from stock charts and provide the same number of fields for watch lists.
When it comes to technical tools, FXOpen equips traders with 15 drawing tools, while Libertex edges out with 30. Interestingly, despite these differences, both brokers are rated 4 stars for their trading platforms and tools. However, in a broader comparison by ForexBrokers.com among 63 brokers, FXOpen ranks slightly lower at #53 compared to Libertex's #50 ranking. Whether you prioritize an in-house platform unique to Libertex or the versatile options offered by FXOpen like MetaTrader 5, each broker has its strengths depending on trader needs.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FXOpen and Libertex (Forex Club) offer competitive mobile trading apps for iPhone and Android users, delivering essential functionalities for traders on the go. Both platforms allow users to receive stock or forex price alerts and provide up to 30 technical studies for in-depth chart analysis. Traders can also draw trendlines and view multiple time frames, such as daily or weekly, to suit their trading strategies. Each app facilitates the creation of a watchlist with real-time quotes, enhancing their usability for traders keen on market movements.
There are, however, a few differences between the two. While Libertex excels with its watchlist symbol syncing feature, allowing seamless integration between mobile and online accounts, this feature is absent in FXOpen. Neither app offers the auto-save feature for chart drawings, a point to consider for detail-oriented traders. Both apps have been rated four stars for mobile trading, with Libertex placing slightly higher in rankings, at #49 compared to FXOpen's #54, among 63 brokers reviewed by ForexBrokers.com. This edge makes Libertex a slightly more appealing option for some mobile traders.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FXOpen and Libertex (Forex Club) for market research offerings, you'll notice both brokers have unique features. FXOpen provides daily market commentary, a resource not available with Libertex. Both brokers deliver forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. However, neither FXOpen nor Libertex includes technical analysis tools from companies like Autochartist or Trading Central, nor do they offer sentiment-based trading tools to show the ratio of long and short positions across currency pairs.
For those interested in economic calendars, both FXOpen and Libertex provide this feature, helping traders keep track of global news events. However, neither broker partners with research companies such as TipRanks or Acuity Trading for additional insights. Despite these similarities, FXOpen is ranked at #63 by ForexBrokers.com for research, while Libertex stands slightly higher at #61, though both share a three-star research rating out of five stars.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing FXOpen to Libertex in terms of educational resources available for beginner traders, both platforms provide unique offerings that cater to different needs. FXOpen does not offer a wide range of educational materials like articles or videos focusing specifically on Forex or CFDs for beginners. However, it does provide an investor dictionary with definitions for over 50 investing terms, which can be a valuable resource for those new to trading terminology. In contrast, Libertex meets the threshold of providing a minimum of 10 educational pieces but lacks an investor dictionary.
Neither FXOpen nor Libertex offers monthly online educational webinars or archives of past webinars, which might limit access to timely learning sessions for new traders. When it comes to video content, beginners will not find dedicated beginner-focused trading videos on either platform. Nonetheless, advanced traders can find the resources they need with Libertex, which provides advanced educational videos covering more complex trading topics. Both platforms have been rated three out of five stars for their educational offerings and are closely ranked by ForexBrokers.com, with FXOpen being placed at #58 and Libertex at #57 out of 63 brokers for the Education category.
| Feature |
FXOpen
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | No |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FXOpen is better than Libertex (Forex Club). FXOpen finished with an overall rank of #54, while Libertex (Forex Club) finished with an overall rank of #61.
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
| Feature |
FXOpen
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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 76 | 73 |
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Both FXOpen and Libertex (Forex Club) do not provide the option to buy actual delivered cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers FXOpen and Libertex (Forex Club), FXOpen provides Skrill, Visa/Mastercard, and bank wire options for deposits and withdrawals but lacks ACH, SEPA, and PayPal, while Libertex supports ACH, SEPA, PayPal, Skrill, and bank wires, yet does not offer Visa or Mastercard.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FXOpen | Libertex (Forex Club) | |
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| Trust Score | 76 | 73 | |
| Winner | check_circle | ||
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| Broker Screenshots | FXOpen | Libertex (Forex Club) | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 76 | 73 | |
| Year Founded | 2003 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 300 | |
| Forex Pairs (Total) | 25 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $100 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | FXOpen | Libertex (Forex Club) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review |
| Overall | FXOpen | Libertex (Forex Club) | |
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| Trust Score | 76 | 73 | |
| Winner | check_circle | ||
| Review |
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